Slipstream Properties purchased the portfolio, which includes 1,178 units of Class B and C apartments in seven complexes predominately located in southern and eastern Colorado Springs. 

The Bascom Group LLC paid $92.5 million, or $336,364 per unit, for the Class A, 275-unit community at 1910 S. Josephine St. in Denver, by the University of Denver. 

Denver County Property Location: 5775 W. Dartmouth Ave., Denver, “Bear Valley Apartments” Property Description: 260-unit, three-story apartment complex, 258,980 sf, YOC 2003, brick/frame construction Land Size: 16.55 acres Density: 15.71 dwelling units per acre Sales Price: $63M, or $242,308 per unit Reception No.: 2018072161 Closing Date: 6/12 Grantor: GB Bear Valley SPE LLC, c/o Griffis/Blessing Inc., Gary Winegar,…

More than $5 billion in commercial real estate projects have been completed over the last five years or are under construction in downtown Denver, the Downtown Denver Partnership announced in releasing its annual Downtown Denver Development Map Tuesday morning. The investment consists of nearly 10,000 new residential units, more than 4 million square feet of…

Sachs’ private real estate group out of New York recently paid $121.75 million for Pearl DTC, a 408-unit apartment community at 7571 E. Technology Way in Denver. 

Arapahoe County Property Location: 5635 S. Bannock St., Littleton, “Silverleaf Apts.” Property Description: 21-unit, three-story apartment, 17,640 sf, YOC 1960, brick Sales Price: $2.53M, or $143.14 psf, or $120,238 per unit Reception No.: D8049495 Closing Date: 5/21 Grantor: John Measner Grantee: DLT Holdings LLC Financing: $707,000 due 11-23-2018, payable to RCL Investments Inc. Comments: This property was listed…

Evergreen Devco Inc. kicked off its value-add multifamily platform with its purchase of a pair of Denver apartments for nearly $70 million. 

Mill Creek Residential is on a roll in Denver, with luxury apartment towers under construction at the edge of two ends of downtown. Dallas-based Mill Creek, the nation’s second largest apartment developer in 2017, also recently sold the 275-unit Modera Observatory Park apartment community near the University of Denver for $92.5 million. I spoke to…

Denver County Property Location: 1910 & 1911 S. Josephine St., Denver, “Modera Observatory Park” Property Description: 275-unit (two) five-story apartment buildings, 207,618 sf net rentable area, YOC 2017, brick/stucco construction Land Size: 2.08 acres Density: 132.2 d/u per acre Sales Price: $92.5M, or $336,364 per unit, or $445.53 psf Reception No.: 2018061704 Closing Date: 5/24 Grantor: Josephine Apartments…